Report: Online Inflation Soars Heading into Busy Holiday Season

Person on laptop

Online prices soared to record highs in November, according to Adobe Analytics.

Prices online surged 3.5% on a year-over-year basis as of November, the biggest increase since 2014, when Adobe started tracking the cost of goods on the internet and the 18th consecutive year of online inflation, according to the Adobe Digital Price Index (DPI). Prices on a month-to-month basis dropped 2% due to holiday discounts, according to Adobe.

“Census Bureau data shows that the e-commerce share of non-fuel retail spending has tripled over the last decade as more expenditures like groceries and home improvement move online,” Marshall Reinsdorf, former senior economist at International Monetary Fund, said in the report.

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Phoenix Ranked 40th Best Place to Live of 150 Biggest Metropolitan Areas

U.S. News & World Report issued its list this week of the annual best places to live, and Phoenix came in at No. 40 of the 150 most populous metro areas. The city jumped up 13 places from last year. The report emphasized Phoenix’s relatively low cost of living, warm weather, and thriving job market. The rankings are based on quality of life, job market, value of living, and desire of people to live there. 

Phoenix may have scored well this year due to a stable economy. Devon Thorsby, real estate editor at U.S. News, said in a news release, “It shouldn’t be a surprise that many metro areas that saw unemployment levels skyrocket in 2020 fell in the rankings, but those with greater employment stability tended to fare well.”

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Commentary: A One-Size-Fits-All Federal Minimum Wage Makes Zero Sense

President Joe Biden’s new $1.9 trillion COVID-19 relief proposal includes a surprising provision: raising the federal minimum wage to $15.

The fight for a higher minimum wage is not new, although it has been intensified by current events. The idea, more specifically, is to provide a “living wage.” Proponents argue that, currently, minimum wage workers cannot afford basic living expenses. But even if one assumes for the sake of argument that this is true and sets aside the fact that small businesses are already on the brink of collapse, it’s impossible to determine one suitable “living wage” for all parts of a vast and diverse country like the United States.

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Nashville Promises, Once Again, to Give Rank and File Workers Cost of Living Adjustment Increase

Metro Nashville’s rank and file workers may receive a cost-of-living raise that the city has long promised but failed to deliver after a contentious budget process last year. Nashville Mayor David Briley on Monday announced a cost-of-living adjustment (COLA) of 3 percent for all Metro employees in FY 2020, starting…

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Briley Pushes $125 Million Flood Wall in ‘Residential’ Downtown Nashville While Firefighters, Police Get Pinched on Raises

Nashville Acting Mayor David Briley has resurrected failed plans for a flood wall in downtown, wanting to spend $125 million the city does not have. The latest big ticket item on Briley’s wish list comes days before the special mayoral election on Thursday. Former mayors Megan Barry and Karl Dean…

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